Lennar Co. (NYSE:LEN) Shares Purchased by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC lifted its holdings in Lennar Co. (NYSE:LEN) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,899 shares of the construction company’s stock after acquiring an additional 149 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Lennar were worth $543,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Lakewood Asset Management LLC lifted its stake in shares of Lennar by 0.8% during the second quarter. Lakewood Asset Management LLC now owns 9,385 shares of the construction company’s stock worth $1,407,000 after purchasing an additional 70 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its position in Lennar by 1.5% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 4,870 shares of the construction company’s stock worth $730,000 after acquiring an additional 73 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in Lennar by 5.7% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,381 shares of the construction company’s stock worth $207,000 after acquiring an additional 74 shares during the period. Quotient Wealth Partners LLC grew its position in Lennar by 5.0% in the second quarter. Quotient Wealth Partners LLC now owns 1,540 shares of the construction company’s stock valued at $231,000 after acquiring an additional 74 shares in the last quarter. Finally, Catalyst Financial Partners LLC lifted its position in shares of Lennar by 5.4% during the third quarter. Catalyst Financial Partners LLC now owns 1,510 shares of the construction company’s stock worth $283,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analysts Set New Price Targets

LEN has been the subject of a number of recent analyst reports. Evercore ISI lowered their price target on shares of Lennar from $240.00 to $236.00 and set an “outperform” rating for the company in a report on Monday, September 23rd. JMP Securities boosted their price target on Lennar from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research note on Wednesday, September 25th. StockNews.com lowered Lennar from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Wedbush reaffirmed a “neutral” rating and issued a $144.00 target price on shares of Lennar in a research report on Friday, September 20th. Finally, Barclays raised their price target on shares of Lennar from $177.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lennar presently has an average rating of “Hold” and an average target price of $181.11.

Insider Buying and Selling at Lennar

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the completion of the transaction, the director now directly owns 23,689 shares in the company, valued at approximately $4,148,654.57. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.36% of the stock is owned by company insiders.

Lennar Stock Down 0.4 %

NYSE:LEN opened at $169.66 on Monday. The firm has a market capitalization of $46.02 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.59 and a beta of 1.62. Lennar Co. has a 52 week low of $113.44 and a 52 week high of $193.80. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average of $181.34 and a 200-day moving average of $167.76.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.28. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The firm had revenue of $9.42 billion for the quarter, compared to analyst estimates of $9.14 billion. During the same period last year, the company earned $3.91 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts predict that Lennar Co. will post 14.18 EPS for the current year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.18%. The ex-dividend date was Wednesday, October 9th. Lennar’s dividend payout ratio (DPR) is 13.25%.

Lennar Company Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.